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SCO Shares Plunge, Canopy Management Change
bretberger writes "Shares in Utah's SCO Group went into a tailspin late Tuesday as news spread of both deepening losses and an apparent coup at the software company's corporate parent, the Canopy Group."
May i be the _first_ to say "woo!"
Lots of good news before XMas. Best christmas present if you ask me. No software patents in EU, Microsoft fined and SCO stock down. What more can one ask?
Is this really news, who here actually thought SCO was gonna win? really though..
MABASPLOOM!
Great time to buy! Remember kids, buy low, sell high!
Couldn't happen to a nicer bunch of people.
Isn't that name kinda ominous? A canopy blocks out the sun, gets everybody under one thing and cuts you off from the primal forces. Perhaps something more honest, like maybe COBRA?
Not unless your story involves Natalie Portman and hot grits.
...is if the parent co, Canopy Group, and all of the corporate criminal scumbags in charge over there lose their shirts and their golden parachutes mid fall. Otherwise, it will be them who are laughing all the way to the bank, despite the validity of the linux community's claims of fraud. This current administration won't go after them. Given what they have been doing lately to fuckups, they would probably give Darl an award...
Who are you? The new #2 Who is #1? You are #617565. I am not a number, I am a free man! Muhahaha.
AH-HAH
</nelson>
Seriously, SCO should be in the OED under "schadenfreude". I love seeing this stuff!
Dewey, what part of this looks like authorities should be involved?
Who wants to bet that before long Microsoft will march in as White Knight and have proxy control over SCO. Hell, it already controls it indirectly!
Umbrella Corporation?
... Colonel Mustard, in the boardroom, with a letter opener.
Canopy Board members sit on the commerical software company Trolltech the makers of KDE.
How will this affect Trolltech?
I've seen companies take a 35% hit based on bad news and return to previous prices in less than a week. Considering the apparent magnitude of the announcement and the ensuing PIDDLY 7.5% drop I'm going to wager on the stock price returning to its recent levels.
I'm placing a market open order for (virtual) shares of SCOX right now.
(This is not financial advice, I'd barely even consider it virtual financial advice.)
By the time this FUD is over, SCO wont have a claim. We'll just silently (not exactly) transfer over to the Hurd.
Now how are people going to get their license for Linux?!
Settle? Does anyone see IBM settling? Why would they when they will win.
12/07/04 BAYSTAR CAPITAL II L P Beneficial Owner of more than 10% of a Class of Security 10,000 Open Market Sale proceeds of $45,870.00
12/07/04 BAYSTAR CAPITAL II L P Beneficial Owner of more than 10% of a Class of Security 6,100 Open Market Sale proceeds of $28,745.00
12/01/04 BAYSTAR CAPITAL II L P Beneficial Owner of more than 10% of a Class of Security 15,000 Open Market Sale proceeds of $61,767.00
11/30/04 BAYSTAR CAPITAL II L P Beneficial Owner of more than 10% of a Class of Security 70,500 Open Market Sale proceeds of $273,550.00
11/24/04 BAYSTAR CAPITAL II L P Beneficial Owner of more than 10% of a Class of Security 60,000 Open Market Sale proceeds of $216,181.50
11/22/04 BAYSTAR CAPITAL II L P Beneficial Owner of more than 10% of a Class of Security 37,500 Open Market Sale proceeds of $131,250.00
11/19/04 BAYSTAR CAPITAL II L P Beneficial Owner of more than 10% of a Class of Security 10,000 Open Market Sale proceeds of $35,000.00
11/17/04 BAYSTAR CAPITAL II L P Beneficial Owner of more than 10% of a Class of Security 10,000 Open Market Sale proceeds of $35,465.00
11/08/04 BAYSTAR CAPITAL II L P Beneficial Owner of more than 10% of a Class of Security 100,000 Open Market Sale proceeds of $372,615.00
11/05/04 BAYSTAR CAPITAL II L P Beneficial Owner of more than 10% of a Class of Security 22,000 Open Market Sale proceeds of $80,900.00
They're trying to take on Big Blue, one of the largest corporations in the world who also possesses one of the largest and most skilled legal teams. This was inevitable.
I hope for only one thing :
That their (inevitable) demise receive AT LEAST AS MUCH publicity on public news channels / papers that their foolish lawsuits received. To inform the population that it was FUD. Or else they'll have (kinda) suceeded in inspiring a doubt in the minds of many concerning Linux legitimacy. No one on slashdot, obviously, but the common man who heard on news that SCO was suing IBM on UNIX/Linux for code thievery... maybe.
Eureka Science News - automatically updated
I was certain the, honorable and the trusted SCO Software would come out ahead of those socialist pirates known as Linux users. Who's with me?
A quick look at their three-day graph shows they were below 3 at one point. What happened? We need to live the glory days...put them in the penny-stock category!
Jaime Escalante says: "You can DO it!"
Joe
So what, exactly, is the deal with Ms Didio? I could understand her possibly (giving her benefit of the doubt) originally siding with SCO as an analyst... but over time her constant support, constant praise, and general attempts at propaganda make it more than obvious she's got a heavy leash being held by someone over there.
Does she expect to retain any value as an "independant analyst" in the post-SCO market? It's all too common for analysts to be paid to support a product or company, but they're usually a little less blatant about it. Who would value her opinion, knowing that her opinion is for sale?
Though... I suspect (recently) that it's more Canopy holding her leash, than SCO, since she seems to choose Canopy over SCO when she has to (like in her recent comments - she still didn't say anything bad about them, but saved all her real praise for her theoretical overlords at Canopy).
Do not confuse "Freedom of Choice" with "Free Will".
Attorney David Boies of New York agreed to cap the overall cost of SCO's lawsuits to $31 million in return for a bigger piece - 33 percent, instead of 20 percent - of any settlements.
Dear David,
We ran out of money, but we will give you an even bigger slice of nothing.
Love,
Darl
I thought I was the only one who thought 'Colonel Mustard' when I heard that guy was replacing Yarro. Funny!
"...Well, there's egg and bacon; egg sausage and bacon; egg and spam; egg bacon and spam; egg bacon sausage and spam..."
I want to see the stock go through the fscking floor. I want to see SCOm buried. I want to see Darl grimacing in pain as he bends over to pick up Bubba's soap *again* in the prison shower.
I've watched the stock of this worthless piece of shit company go up and down before, and was frankly surprised to read that it had risen back up to $5, since the last time I looked it was closer to $3. 10% isn't a Slashbash-worthy story.
Ralphie and Darcy getting the boot - now *that* shoulda been the headline. Guess it doesn't catch the eye like the word "plummet" does...
Die, SCO, die! And take the fools like Darla with you...
sorry...it's been a long day
Yankee Group analyst Laura DiDio called the ousters "a changing of the guard at Canopy. It is quite literally out with the old and in with the new.
"With the departure[s] . . . go the last vestiges of the Ray Noorda era. Yankee Group expects that other, equally significant changes will be in the offing for 2005," she said. "The fate of SCO is one of the big question marks. New management at Canopy . . . may push [SCO] to try and settle."
This is all very premature, but why should anyone agree to settle with SCO? They are just plain wrong on the subject, and the company is falling apart. Their backs are to the wall, and they are in no position to negotiate.
SCO is a software company??? All this time I thought they were just a legal firm...just me?
You'll have that sometimes...
Check out the Didiot's comments:
"New management at Canopy . . . may push [SCO] to try and settle."
Honestly, I don't think it matters how hard SCO get's pushed - if IBM doesn't wanna, then it ain't gonna happen... and IBM knows they're gonna win.
I just picture it as Peewee Herman in the ring with Mike Tyson - near the end of the 12th round, Tyson is untouched, and Peewee is a bleeding smudge on the canvas as his manager thinks "Hmm, maybe we should ask Tyson if he wants to call it a draw."
.. is $4.11 in after hours trading.
http://finance.yahoo.com/q?s=scox
bash: rtfm: command not found
As seen here:
:)
http://finance.yahoo.com/q/bc?s=SCOX&t=5y
SCO started the attack on Linux first (early 2003) when their stock was at the lowest point, and it paid off a bit - until now - and they are back where they started, except now everybody hates them
SuperCheap!
I'm playing the world's smallest violin for SCO.
I don't have time to learn a new villian.
-pyrrho
Shares in Utah's SCO Group went into a tailspin late Tuesday.
So what? The stock is higher now than it was when they started all this litigation in 2003.
If the poster had bothered to look at the weekly
i ck er=SCOX&fq=D&ezd=1W&index=2
graph for SCOX:
http://www.nyse.com/about/listed/lcddata.html?t
he would have seen that the stock is actually up compared to last Wednesday. Stop wasting our time!
That Mustard is a bit of a hatchet man. (walks into a sinking ship and throws so many people overboard that its starts floating.. then points that barely floating ship back in a direction that will assure the safety of whomever is left)
Couple that with the CFO's leaving and the REALLY piss poor financials that were released yesterday.. I reckon we're about to see the end of this whole saga.
"Consider how lucky you are that life has been good to you so far. Alternatively, if life hasn't been good to you so far
Shadenfreud anyone? It's delicious!
. ..
"SCOX" is their symbol, not "SCO", sunshine.
Shares in Utah's SCO Group went into a tailspin late Tuesday as news spread of both deepening losses and an apparent coup at the software company's corporate parent, the Canopy Group.
SCO shares closed at $4.51 in regular trading on the Nasdaq Stock Market, down 33 cents, or 7 percent. Then came SCO's dismal earnings reports for the fourth quarter and fiscal 2004; within minutes shares plunged another 46 cents, or 10 percent, in after-hours trading, to $4.05.
SCO, embroiled in multibillion-dollar federal litigation against IBM and others over its purported rights to the Unix and Linux operating systems, more than quadrupled its fourth-quarter losses. For the quarter ending Oct. 31, SCO's loss sank to $6.5 million, or 37 cents a share; the company had lost $1.6 million, or 12 cents, in the same period last year.
Investors already were absorbing news, leaked out in bits and pieces earlier Tuesday, about an apparent weekend coup that ousted Ralph Yarro, Canopy's longtime president, chairman and chief executive, along with Chief Financial Officer Darcy Mott.
Secretaries at Canopy's Lindon headquarters confirmed that Yarro and Mott were "no longer with the company."
Callers to Canopy were told the company's new CEO is William Mustard, believed most recently to have been a managing director at Smooth Engine, a New York-based consulting firm that provides both interim and permanent executive replacements.
Mott's replacement had not yet been named. Questions regarding the ousters were referred directly to Mustard. He did not return several calls seeking comment.
Messages left at the home telephone numbers of Yarro and Mott - both former proteges of former Novell chief and networking tech guru Ray Noorda - also went unanswered; so did questions about how their departure from Canopy might affect SCO and its now 21-month-old battle with IBM, the world's largest computer company.
Yankee Group analyst Laura DiDio called the ousters "a changing of the guard at Canopy. It is quite literally out with the old and in with the new.
"With the departure[s] . . . go the last vestiges of the Ray Noorda era. Yankee Group expects that other, equally significant changes will be in the offing for 2005," she said. "The fate of SCO is one of the big question marks. New management at Canopy . . . may push [SCO] to try and settle."
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Of more immediate concern to investors, though, were SCO's finances. In addition to growing losses, the company's quarterly revenue also tumbled more than 50 percent - $10.1 million compared with $24.3 million a year ago. The decrease was primarily due to a precipitous slide in the company's SCOsource revenue - a paltry $120,000 compared with more than $10.3 million for 2003's fourth quarter.
For fiscal 2004, revenue was $42.8 million, down sharply from 2003's $79.25 million. Shareholders lost $16.2 million, or $1.07 per share this fiscal year, compared with $5.3 million, or 34 cents, the year before.
The SCOsource division manages the company's Unix intellectual property, and oversees SCO's largely unsuccessful attempts to sell licenses to Linux users under implied threat of copyright infringement lawsuits.
SCO CEO Darl McBride, anticipating victory in SCO's lawsuit against IBM, believes SCOSource revenue is destined to revive. The suit, awaiting rulings on motions for dismissal and evidentiary discovery, is not expected to come to trial until next fall.
"We're in a challenging business environment," he said during an earnings teleconference. "[But] we believe there is value in our Unix licensing business and we offer our customers . . . value they need to be made aware of."
McBride also pointed to a recent deal SCO made with its chief Linux litigator, attorney David Boies of New York. His law firm agreed to cap the overall cost of SCO's lawsuits to $31 million in return for a bigger piece - 33 percent, instead of 20 percent - of any settlements.
McBride said that p
This guy is way out there
SCOG not SCO
SCOG is the SCO Group.
"Consider how lucky you are that life has been good to you so far. Alternatively, if life hasn't been good to you so far
Ignore that previous post. I was stupid.
./ post and look like you are working?
Once again, I was looking up the symbol for SCO when their Nasdaq symbol is SCOX...
See what happens when you are trying to sneak in a
94% of Repubs and 21% of Dems voted to renew the Patriot Act
It's over. The leader of Canopy has been ousted. The attack on Linux has failed. The new leaders have no choice but to cut SCO off. SCO is dead.
Without money to continue the lawsuits, SCO will file for bankruptcy. The lawyers will probably wind up getting paid but that's about it.
Hey, Microsoft and Sun and Apple. Your next !!!
Santa comes early to the naughty.
Down 10% is a plunge??? Considering they were below $3 In Nov, I'd say that they are still doing okay...
09 F9 11 02 9D 74 E3 5B D8 41 56 C5 63 56 88 C0
The state of California putting an end to sneakwrap EULAs!
eric
Thanks, I was paying so much attention to the numbers I missed the name.
I think it's SCOX, not SCOG. But SCROG was a popular word at Santa Cruz....
94% of Repubs and 21% of Dems voted to renew the Patriot Act
ain't all it's cracked up to be.
All that swallowing for nothing.
[declined] 10 percent, in after-hours trading, to $4.05..
10 + 7 = 17%
17% is a plunge.
You have the ticker symbol wrong. SCO != SCO GROUP Inc. SCO Group's ticker symbol is SCOX and their stock is down 7.54%. Which can be found here:
http://finance.yahoo.com/q?s=SCOX&d=t
The ticker symbol for SCO is for Scor SA which is an insurance company.
Basically, this is a closely held thinly traded stock. Any delusions that free market rules prevail is a dream. This stock (according to the merry crew at Yahoo) is heavily painted.
.
.
.
At close, the stock was around $4 which is down from recent values. Look at the volume though; nearly 400,000 shares. That's a lot for SCO. The daily average is a lot less. Finding a buyer for that much stock at that price seems like a major coup to me, not some kind of disaster.
The following is a quote from an article by Melanie Hollands. She has a very realistic view of SCO's stock. Last spring when the stock was sliding toward zero, she predicted support at $4. The quote was found at Groklaw but it is from elsewhere. The link I found was broken.
"The stock's run has also been propelled by fresh speculative activity and year-end positioning in the market, aided by its high volatility and limited trading volume. Some 'top 15' institutional holders of SCOX have actually been adding to their positions: Chesapeake Partners Management Co. Inc., Glenhill Capital, Barclay's Global Investors N.A., S&E Partners LP, and Citadel Investment Group LLC. There's probably also some jockeying around SCO's fiscal fourth quarter 2004, scheduled for release Dec. 21. . .
"Although BayStar's position in SCOX has been reduced to 1,746,453 shares (10 percent of outstanding), this one position accounts for a substantial 19.7 percent of its fund - so the portfolio and concentration risks are still high. For my part, I don't like to have any one position that constitutes more than 4 or 5 percent of my portfolio -- the market and concentration risks get too high. So, with a position that constitutes 19+ percent of a portfolio, whatever happens to the SCOX stock price dominates the risk profile and returns of that portfolio.
"Although JHC, which had been holding SCOX for well over a year, sold only 61,867 of its 545,764 shares, its activity is interesting -- in part because it's run by Jonathan Cohen, who has a business relationship with Royce Capital (SCOX's second-largest institutional shareholder), and in part because its position is a hefty concentration of its total portfolio - over 4.8 percent. Interestingly, Royce hasn't been one of the recent sellers. . .
"Technically speaking, SCOX looks like it's been bouncing off the bottom, but it's a pretty meaningless bounce. Why? Because the volume is not near levels that would indicate a strong move is going to follow through on the upside."
"The stock's run has also been propelled by fresh speculative activity and year-end positioning in the market, aided by its high volatility and limited trading volume. Some 'top 15' institutional holders of SCOX have actually been adding to their positions: Chesapeake Partners Management Co. Inc., Glenhill Capital, Barclay's Global Investors N.A., S&E Partners LP, and Citadel Investment Group LLC. There's probably also some jockeying around SCO's fiscal fourth quarter 2004, scheduled for release Dec. 21. . .
"Although BayStar's position in SCOX has been reduced to 1,746,453 shares (10 percent of outstanding), this one position accounts for a substantial 19.7 percent of its fund - so the portfolio and concentration risks are still high. For my part, I don't like to have any one position that constitutes more than 4 or 5 percent of my portfolio -- the market and concentration risks get too high. So, with a position that constitutes 19+ percent of a portfolio, whatever happens to the SCOX stock price dominates the risk profile and returns of that portfolio.
"Although JHC, which had been holding SCOX for well over a year, sold only 61,867 of its 545,764 shares, its activity is interesting -- in part because it's run by Jonathan Cohen, who has a business relationship with Royce Capital (SCOX's second-largest institutional shareholder), and in part because its position is a hefty concentration of its total portfolio - over 4.8 percent. Inte
Or are they smoking crack, and dreaming that IBM will pay to settle?
I'm still planning a trip to Lindon when the lawsuits are over to see the patch of scorched earth that will be left where The SCO Group's headquarters once stood.
Those of you that haven't already read it may find The SCO Group's Code of Conduct and Ethics Policy to be good for a laugh. They should post a document describing their real code of conduct.
I've got a perfect plan for a coup (er, I mean "reorganization")...
Now, if all the members of the board would please line up against this brick wall. Its for a group photo, really....
Yankee Group analyst Laura DiDio called the ousters "a changing of the guard at Canopy. It is quite literally out with the old and in with the new.
"With the departure[s] . . . go the last vestiges of the Ray Noorda era. Yankee Group expects that other, equally significant changes will be in the offing for 2005," she said. "The fate of SCO is one of the big question marks. New management at Canopy . . . may push [SCO] to try and settle."
And how exactly are they going to settle? Seems to me that with IBM having a winning case, it will be SCO that'll be forced to pay out the money. I wager SCO'll fall faster than anyone expects.
$u(k 1t!!!!11!
Setting: The boss' office. The President and IT Director are meeting with the lead Sysadmin
Clueless IT Director to Sysadmin: So, if SCO folds will we renew our Linux license directly with Microsoft next year?
Long pause ...
Sysadmin begins to shake uncontrollably, breaks his pencil, quits job, and opens a book store in the Bahamas.
SCOX is still off its low in November, and if anything, is in the beginning of an uptrend. If it begins to close consistently under $4, I'd say the trend had reversed, but currently it's looking like it's going higher. I'd hesitate to hold this equity long term simply because of their business model, but for a day trade? Oooh yeah... tasty!
I, for one, welcome SCO's new overlords!.
To get laid???
...just...a...joke... Your factual retort is unnecessary, though marginally interesting.
"May SCO die of gonorrhea and rot in Hell. Would you like a cookie?
I like to place meaningful quotes in my sig, so people will know that I know what meaningful quotes are.
The Baystar money comes from Bill Gates.
I wonder if Chesapeake Partners Management Co. Inc.,
Glenhill Capital, Barclay's Global Investors N.A., S&E Partners LP, and Citadel Investment Group LLC are also fronts for Bill Gates' money.
The analaysis you present is some technical mumbo-jumbo. You're missing the real issue here: Ralph Yarro was taken out back and shot by the board of directors of Canopy. SCO is dead.
"It's working! Our plan for World Domination is working! Soon all of the computers will be ours!" (-:
Got time? Spend some of it coding or testing
SCO's income is dropping, the stocks are droping. The guys that run it don't seem worried! What's gonna happen? Bankruptcy? Some company buying them out? SCO's rights over UNIX can still be negotiated or sold, right? What happens if (when) they lose the thing IBM?
:D I couldn't be more happy....this made my day. FU SCO
Danger Will Robinson! You are now entering a condescending Unix user zone!
But thank you TOR, from banned to unbanned in 10 minutes. No more hunting down proxies, sshing to shell accounts, powercycling my cable modem to get a new IP. Now: refresh! Viola a new IP. WOOHOO!!!!
Canopy fired Ralph.
Trolltech should do the same.
The farther away Trolltech is from this guy, the better.
With Trolltech's "fishy" open source licensing, the need to stay away from clowns like Ralph Yarro and kick him off their Board of Directors.
Does /. routinely cover tech companies that are going down the drain nowadays or is this just because the company in question initialized a lawsuit that by all accounts is frivolous and will never effect in the industry in any meaningful way?
Mathematics is made of 50 percent formulas, 50 percent proofs, and 50 percent imagination.
Does Netcraft confirm it yet?
By summer it was all gone...now shesmovedon. --
SCO's going to self destruct before we get to see IBM pound them into dust.
It's been obvious that things were headed this way for awhile, but I still wanted the judges ruling.
Professional Politicians are not the solution, they ARE the problem.
There was an initial burst in share price last friday, which pushed the price from 4.1 -> 5.2 by Monday. Not much happened on Tuesday, and there was a sharp drop Tuesday->Wednesday to 4.0. The price stands now at 4.17 which is roughly what is was at a week ago.
nothing to see here... move along.
(http://www.google.co.uk/search?q=stocks:SCOX+)
SCO was under $3 at the beginning of November. It's last trade today was at $4.17. Yea, stocks go up and down, but to call this a tailspin is a bit extreme. It's taken a couple of bigger drops in the last two months, but the rises have been even larger. Hey, I hate SCO too, but reporting a relatively small dip in the stock as a tailspin is an overstatement based only on bias against them.
I'm an American. I love this country and the freedoms that we used to have.
Naturally, the truth is somewhere in between. This is bad news for SCO's strategies. That does not mean McBride won't be able to convince his minders to hold the course and continue with litigation. Strictly speaking, at this moment, they're still convinced. Neverhteless, it's obviously a bumpy road ahead for them.
So, don't throw a victory party yet, but I think we're all entitled to spend a few minutes smirking.
"Prepare for the worst - hope for the best."
"[But] we believe there is value in our Unix licensing business and we offer our customers . . . value they need to be made aware of."
Here's a lawsuit....consider yourself aware of the value.
Maybe I am just missing some context that was removed with the deleted text, but everything about this sentence sounds pathetic. With their cash reserves, I'm pretty sure he's not referring to marketing and training seminars. The "value" he would so much like to convey is merely the value in avoiding attourney fees.
I still think it should be represented as S-COX.
# nslookup trolltech.com
Server: XXX.XXX.70.10
Address: XXX.XXX.70.10#53
Non-authoritative answer:
Name: trolltech.com
Address: 80.232.38.135
# nslookup kde.org
Server: XXX.XXX.70.10
Address: XXX.XXX.70.10#53
Non-authoritative answer:
Name: kde.org
Address: 80.232.38.131
SCO's stock price bears no relationship to our normal reality. The price often rises on bad news. What the technical mumbo jumbo means: Avoid this stock at all costs. This is a stock for gambling addicts only. Most sober observers think the price is being manipulated.
I agree that the change in management is the big deal. That has nothing to do with the stock price though.
Look at them dump it. If that isn't telling, I don't know what is. And to think they were once at $118 per-share. Reap what you sow, morons.
I wish I'd had enough disposable income to sell those bastards short when the stock price was in the teens. That would have made a great Christmas gift.
Your shit may be offtopic, but it's funny as hell!
I sent Bob a nice email pointing out how empty Laura's words were, and recommending sourcing sound-bites from Melanie Hollands instead.
Got time? Spend some of it coding or testing
Their revenues continue to tank and their losses are clearly not sustainable. They only brought in $120,000 last quarter which translates to less than half a milion dollars of revenue. Hamburger stands make more money and require much less of an investment than SCO's apparent worth. They have no product of value and should have an equivalent worth. Oh yeah, if a hamburger stand had losses SCO has, it would be obvious that the hamburger stand was run by a moron.
Friends don't help friends install M$ junk.
That new CEO SCO's got, he wouldn't happen to be a retired Army Colonel, would he?
These are my friends, See how they glisten. See this one shine, how he smiles in the light.
IBM still has litigation damages to determine and collect. If Microsoft moves too swiftly, then expose their finances to the backlash.
Microsoft may may mistakes, but it is certainly not their style to make *that* kind of mistake.
I'm stunned none of you have figured this one out yet. The real motivators behind SCO's lawsuits has to be the BSD enthusiasts. They're doing to Linux what AT&T did to BSD way back when, hoping to bring BSD back to life.
No?
--
Linux is Dead.
Poor means hoping the toothache goes away.
""The fate of SCO is one of the big question marks. New management at Canopy . . . may push [SCO] to try and settle."
This remark just made my day. Imagine SCO trying to settle, being pressured by it's parent company, sitting with IBM attourneys, trying to 'reach out' to IBM to make some sort of agreement. I figure they'll eventually both agree that SCO has wasted all of their time and money on something that is going to eventually cost it's upper management their careers, and hopefully their freedom (but I doubt they'll realize that quite yet.)
and this:
"We're in a challenging business environment," he said during an earnings teleconference. "[But] we believe there is value in our Unix licensing business and we offer our customers . . . value they need to be made aware of."
It's straight out of The Godfather. Way to tell it, Darl!
Are SCO a software company? First I've heard of it.
Dave
I write a blog now, you should be afraid.
Novell will be the one to come in and snatch up SCOX.
Novell is making Linux the centerpiece of its technology strategy, so it has something to loose.
Ending this thing once and for all would endear the Linux community to Novell, so it has something to gain.
It also has $475M earmarked for acquisitions.
Novell has a history with SCO/Canopy. Ray Noorda was the chairman at Novell before he started Caldera. Darcy Mott was Novell's Treasurer, and R. Duff Thompson was Senior Vice President of Corporate Development. Even Darl McBride came through Novell.
SCOX has a $79M market cap. For this small portion of their acquisition warchest, all this goes away and they get real linux street cred. Their marketing department should be lobbying hardest for this one.
When they're done with that they'll buy UNIX(TM) from The Open Group and geeks will write songs about them.
Only if they want to crush Redhat, that is.
My God, it's Full of Source!
OUTSIDE_IP=$(dig +short my.ip @outsideip.net)
Yeah, easy for you to say.
I hope that lots of pond slime like Darl McBride lost tons of money on this, but I suspect slimy Darl sold his shares to some mug some time ago.
Unconditional surrender is a form of "settling". Admission of liability and paying back royalties wrt the IBM patent counterclaims is a form of "settling". Pleading guilty to Murder 1 to avoid death row is a form of "settling."
...for free.
Here, you can have one too!
But really, SCOX isn't going anywhere. It's just wandering around on light trading.
Despite SCO's delaying tactics, there are some key court dates coming up early next year. Fact discovery ends on Febuary 11th. SCO will probably try to get an extension. But the judge isn't likely to go for that. ("You have UNIX, and anybody can get Linux. What more do you need?" - Judge Kimball)
If discovery isn't extended, the trial date in November 2005 becomes reasonably firm, and we can start counting down the days.
Meanwhile, IBM still has motions pending which, if won, crush SCO. Those will be decided soon.
He (McBride) took no Canopy-related questions during the teleconference and did not return calls afterward seeking comment.
Probably because they won't let you keep your mobile on in the job centre.
Hmmmmmm..... Deep fried and look like Squirrel.
wo bu zi kong long
ni hui qu ba
I t i s i m p o s s i b l e t o p a r s e y o u r s e n t e n c e c o r r e c t l y. P l e a s e g r o u p t h e w o r d s n i c e l y .
"It's strange,
xxxxxxxxxxxxxxxxxxxxxxxxxx That one comes/who plans?, etc
I don't know the diagnostics
You plan to return?"
It's half GPL/ half proprietary? Right?
have ANY of you even stopepd and think for a second? It will STILL be a trial by Jury. The jury will be people from Utah, from the same place SCO is. What if they decided IBM is the big evil corporarion and decidsed to award SCO the money damages?
I AM NOT trolling, just tryign to ask an honest question.
From our favorite SCO Shill Laura DiDio:
"Yankee Group expects that other, equally significant changes will be in the offing for 2005," she said. "The fate of SCO is one of the big question marks. New management at Canopy . . . may push [SCO] to try and settle."
SCO may try and settle? What a hoot.
If the share certs are printed on soft paper, preferably scented, I'll take a few rolls.
Engineering is the art of compromise.
Dear SCO Investor,
Stupid, stupid stupid stupid and stupid stupid stupid. Stupid stupid stupids sometimes do stupid stupid stupid things.
In closing, we would like to say stupid stupid stupid.
Yours faithfully,
The SCO Board.
In my next incarnation, I hope to come back as a code monkey.
May they get eaten for lunch!
Engineering is the art of compromise.
1) Sue for ownership of linux. 2) ??? 3) Profit!
I hereby put my name forward for lame cliche of the day, my name is [hit the damn AC button, dude]
So I am glad they are sinking again, but they are still a long way from $3.00. And I still wonder why they went up again in november.
I know you're kidding but...
The Santa Cruz Operation actually started out as a pretty cool company with a great coporate culture here in Santa Cruz, California. I knew a lot of the engineers and I was even part of their High-Tech Corporate Bowling League, which was a joke but kind of spooky when you look back at it. At some point in the mid-1990's the executives started taking the company in questionable directions. Every year the staff puts on the SCO follies. One year they did a parody of A Christmas Carole in which the CEO of SCO saw a vision of the future if he continued in his evil ways. Then there were a series of mergers and renamings that I didn't really follow. And there they are now.
No, it's only commercial if you want to use it to develop commercial software, and might I add, in that context the cost of qt is insignificant and only subject to the whining of the true cheapskates.
The scary thing is that you're rated "Insightful"...
Besides, they would just burn it to save on heating expenses.
Also, Sun's actually stoopid enough to pay SCO royalties.
My bet is that Sun buys them with the "excuse" to stop paying those royalties. My bet is that somewhere in that $2Billion Microsoft gave them was even the understanding that Sun would use some of that to bail out Microsoft friends like Kodak(remmeber that Sun/Kodak settlement when Kodak sues Linux) and SCO.
Does anyone else notice a disturbing similarity in name to the Umbrella Corporation?
It's good to use your head, but not as a battering ram.
I bet the brand manager inside IBM's never been happier to be given the chance to prove that IBM stands up for its customers and its products even when they're not Microsoft based.
ha ha
Perhaps SCO would be better to have on a pike outside the front gate? SCO might be more valuable completely ground into the dirt. It may be in Novell's interest for SCO to become an object lesson, and a bucket of IP no-one will ever consider seriously.
"Everything is adjustable, provided you have the right tools"
It's not GPL for commercial development.
Smells fishy to me.
[zzzzzzzzzip! (Pulls out massive schlong)] Get on your knees and you can be a sucker too! Hmmmm (reminiscing).... Bois, man - you sure were good! *cough!*
Will they find a way to be marketable again?
That's the question you ask about penny stocks. I bought Avanir (AVN) at $1.76 way back in march because they have interesting products (their next big one is set to hit the market within 6 months) and their stock history shows a decent pattern of ups and downs. The stock is now worth ~$3.40
SCO got a very large burst when they started flaunting lawsuits and whatnot. But if that's all they've got in their bag they're screwed. If you look at their entire history is a straight line down. Then that little desperate gasp for air and now it's looking grim again.
They need a real product and quick. Otherwise it's not worth the risk to try to make 14% on their crap company.
My guess is that once they lose their current game, SCO will disolve. They're not doing anything interesting enough to make me take the risk. They need a product and quick.
This is however the type of thing to look for. You want to check out companies that are down on their luck. The key is determining if it's more likely that they'll rebound or die. And that requires lots of research before you plop down money screaming "hail mary!"
Work Safe Porn
It only went down a dollar, which is still a dollar higher than it was at the start of November.
Even the suits understand that SCO is a really bad bet.
Start counting the days till SCO gives up the ghost, boys!
naeem
Hold your mouse over the main graphic SCO Partner Webinars and it says: "Click to learn more about the latest Weinars"
I'd bet IBM hasn't considered settling ... ever.
SCO has alleged that IBM has stolen SCO intellectual property and violated a contract under which both companies worked together on Monterey.
The fiscal yardstick for IBM isn't the cost of litigation, it's the value of IBM's reputation as a company that competes and collaborates fairly. It's about the ability of a client or partner to trust IBM to behave properly.
How much of IBM's multi-billion services business depends on a client's trust in IBM? How many of its partnerships with other software providers and with services firms are also dependent on trust in IBM?
The legal costs are insignificant in comparison.
You don't get street cred for rewarding extortion. Look at where SCOX was before they pulled this BS. About a buck a share. And SCOX has diluted shareholder value (in other words, printed and sold more stock) since then. Let's see: option 1. Pay more than 4x the original value of the company for an extortion threat or 2. let SCOX die a slow, painful and public death for being idiots. Anyone thinking of getting good PR by preventing this company from publicly bleeding to death from its self inflicted gut-shot is stupid. Paying off extortionists is *always* bad PR.
-Blaine
merry christmas everyone - this is great I can't wait till sco is completely gone. love the bit from yankee group saying this might force sco to settle. looks to me IBM isn't settling anything - they are going for the throat looks like to me. unless of course they mean settle as in drop the case. merry christmas and happy new year daryl - hopefully this time next year you will be nothing but a distant unpleasant memory.
Warning: Astute comments overhead.
It appears that Colonel Mustard did it in the library with a knife...
"Lack of technical competence coupled with the arrogance of power, as usual, leads to no good end."
Then there were a series of mergers and renamings that I didn't really follow. And there they are now.
They sold their Unix licensing business (which they had bought from Novell) and their name to Caldera. Caldera changed it's name to SCO, and (old) SCO changed their name to Tarentella.
So, that's not them that are there now.
It's not offtopic, dumbass. It's orthogonal.
"[But] we believe there is value in our Unix licensing business and we offer our customers . . . value they need to be made aware of."
Does Darl even understand how much he sounds like a racketeer there? I can almost hear him cracking his knuckles where the sentence has the ellipses.
Tweet, tweet.
Sure. I just didn't want people to think that the SCO engineers from the old days had anything to do with this new group using the same name.
Yes, yes, I know, go ahead mod me down...
Muslim community leaders warn of backlash from tomorrow morning's terrorist attack.
Nope, the Umbrella Corporation was relevant.
Yahho SCOX share price Click on 5d, 1d or 3m. It looks like it is still hovering around 4.0 something. heck the price looks higher than it was 3 monthes ago... It is only a 12% plunge and it rose again soon after 3 to 5% more (4.5->4.0->4.2 circa).
C. Sagan : A demon haunted world:
http://www.amazon.com/gp/product/0345409469/
visit randi.org
...Sees the real killers everyday. In the mirror, while he's shaving.
Too bad for SCO that they weren't Black....
...Spanky the elf stay home to 'keep her company' year after year....
Truth isn't Truth - Guliani
......
Nuff said
Truth isn't Truth - Guliani
Scox isn't only suing, scox is being sued *big time* by IBM, and by redhat. If you buy scox, you buy those lawsuits against scox.
Scox has absolutely nothing of any value. No IP, no worthwhile products, nothing. According to scox, by the end of January scox will have $7MM in cash - less than $0.50/share.
Scox is nothing but a penny-stock scam. The idea of a legitimate company buying scox is absurd.
I say we call them Darling Awards.
The Guvernator for Secretary General of the UN?
"all you girlie-men should stop fighting now"
And in the US all the papers blared...
"Could This Signal the Beginning of the End for SCO?"
Wait, what were we talking about?
-- thinkyhead software and media
What if Slashdot readers who dislike SCO put their money where their mouths are? What if every one of them kicked in a couple of grand and took-over SCO? The company has a market cap of only about 75 million dollars. If 75000 readers got together with a 1000 stake, they could practically be rid of McBride, if the shares were bought intelligently.
IBM will want costs. And blood.
Xenu loves you!
Bear in mind that the weasels at the top will loot the burning hulk and golden parachute to new jobs with their friends and relatives, while the actual working stiffs at SCO are the ones getting "reorganised" out of the door with nothing to show for their work, some of which will have been performed before SCO went Dark Side.
If you were blocking sigs, you wouldn't have to read this.
And thus we learn that SCO has little to no grasp of the law, or anatomy!
I'd say we should send them some porn to help them brush up, but if there's even a single case of herpes in the collection, they'll see the Open Sores, and think they have rights to that as well.
And really, given the nature of the current US administration, the last thing the porn industry needs right now is more lawsuits.
"Live Free or Die." Don't like it? Then keep out of the USA
HA! HA! HA! HA! HA! HA! HA! HA!
Oh, I snorted coffee out my nose at that one.
No, no, SCO will get a footnote buried in the middle of the financial section, unless someone tries to spin it as somehow involving piracy.
"Live Free or Die." Don't like it? Then keep out of the USA
But businesses are run for money and by money. I've seen outrageous things take place in the name of money, where reviews are driven by cost-avoidance above all else. Remember, managerial jobs are not measured by customer satisfaction: They are measured by budgetary acumen. Picture this mythical performance review: "You pissed off 100 customers who have sworn blood oaths that they'll never return to your store, and who have pledged their childrens' children will never see the inside of your buildings in their lifetime? Hey, you did it within budget! Congratulations, here's your bonus."
It may not be that bad, but you need to understand that IBM has no doubt carefully measured the cost of the lawsuit versus the cost of settling. If they thought a settlement wouldn't damage them too badly (by whatever yardstick they use to measure damage,) I think they probably would have.
I'd like to believe that IBM has enough upper management who still have the longevity to understand reputation capital, and who will Do The Right Thing. They certainly used to, because they leveraged it so successfully in the opposite direction for so many years. After all, IBM elevated the practice of FUD to an art form in the 1960, and the carrot to FUD's stick is reputation. But the bottom line is always a consideration in business -- Right Thing or not.
John
The trouble is that this has now gone so far and become so public in the computer world that I think that IBM really want that judgement that says "not guilty". What's that worth to IBM? Probably more than SCO could offer them in financial settlement.
Unless SCO does have something on IBM, SCO are dead in the water. They won't have enough money to settle, and if they lose, the share price will collapse to near 0, and IBMs counterlitigation will wipe them out.
Well, I'm not young or naive, nor am I unfamiliar with IBM's culture, executive management, and approach to IP litigation.
... which is why the bottom-line considerations, in addition to the softer "reputation" considerations lead me to believe the IBM would not have settled this.
The cost of litigating *this* lawsuit were no doubt weighed against the costs of settling *this* lawsuit and any shakedown attempts that would inevitably follow in any of IBM's businesses, as well as the damage to IBM's customer relationships done by a settlement.
Settling a lawsuit such as this would have lasting negative effects on IBM's business